GB Launches Online Tax Relief Registration for Traders

News Desk

GILGIT: The Chief Minister of Gilgit-Baltistan, Amjad Hussain, inaugurated an online registration system on Saturday aimed at providing tax exemptions for traders importing goods from China via the Khunjerab Pass.

This initiative is designed to facilitate local consumption and bolster economic activity in the region.

The Gilgit-Baltistan Traders Registration and Exemption System (GBTERS) was launched during a ceremony at the Chief Minister’s Secretariat, attended by key officials including GB Finance Minister Mohammad Ali Akhtar and Minister for Local Bodies Zulfiqar Ali Murad.

In his address, Chief Minister Hussain emphasized that the new system would ensure transparency and fairness in the registration process, thereby preventing any potential injustices to local traders.

This tax exemption initiative, granted by the federal government, is expected to significantly benefit Gilgit-Baltistan’s economy by encouraging trade and supporting local businesses.

The Chief Minister also announced plans to establish a trade-free zone in Gilgit, utilizing government resources to further enhance economic opportunities for residents.

Looking ahead, the government aims to monitor the implementation of the GBTERS closely, ensuring that it meets the needs of local traders and contributes to sustainable economic growth in the region. Further developments regarding the trade-free zone are anticipated in the coming months.